https://blog.yhuang.org/?p=95 here. Tue, 14 Oct 2025 11:10:14 +0000 hourly 1 http://wordpress.org/?v=3.1.1 https://blog.yhuang.org/?p=95&cpage=1#comment-30520 me Sun, 12 Oct 2008 08:26:07 +0000 http://scripts.mit.edu/~zong/wpress/?p=95#comment-30520 Well, well... what a difference a few months make. We are this much closer to the unthinkable. People are refusing to lend. Will they refuse to work, too? If they don't get paid enough for their human capital (low salary), they may. Let's wait and see. Well, well… what a difference a few months make. We are this much closer to the unthinkable. People are refusing to lend. Will they refuse to work, too? If they don’t get paid enough for their human capital (low salary), they may. Let’s wait and see.

]]> https://blog.yhuang.org/?p=95&cpage=1#comment-24038 Some stuff » it’s happening… Wed, 17 Sep 2008 21:22:16 +0000 http://scripts.mit.edu/~zong/wpress/?p=95#comment-24038 [...] Not nearly as bad as this scenario, where … the accounting trick is simply for the Federal Reserve to “agree” to “buy” worthless assets like new government bonds that nobody else wants and for the government to turn right around to “fund” the Federal Reserve with the new money it got. [...] [...] Not nearly as bad as this scenario, where … the accounting trick is simply for the Federal Reserve to “agree” to “buy” worthless assets like new government bonds that nobody else wants and for the government to turn right around to “fund” the Federal Reserve with the new money it got. [...]

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